Ministries and other national bodies
Ministry of Economy and Finance
Tax regulation gets a shake up
In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states that all legal entities including ...
Eddie Morton
http://phnompenhpost.com/post-weekend/tax-regulation-gets-shakeup
Cambodian gov't approves 3.92 bln USD for 2015's expenditure
The Cambodian government on Friday approved around 3.92 billion U.S. dollars for the country’ s expenditure in 2015, up 10.8 percent year-on-year, according to a press statement released after a weekly cabinet meeting. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/24/c_133740875.htm
Hun Sen says civil servants to get tax break
Prime Minister Hun Sen said on Thursday that civil servants making less than 800,000 riel, or about $200, a month will be exempt from paying income taxes, just days after the Finance Ministry sent a very different message to the country’s garment workers. ...
Hul Reaksmey
http://www.cambodiadaily.com/news/hun-sen-says-civil-servants-to-get-tax-break-69534/
Cambodian king appoints new chief for customs and excise department
The Finance Ministry’s general department of customs and excise is getting a new boss after the long-serving general department chief Pen Siman retires, according to a royal decree released to the media Tuesday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/01/c_133686069.htm
Cambodia plans to allow locals in national casinos
The government of Cambodia is considering to allow local citizens to gamble in casinos. Currently, only foreigners are allowed to gamble in the country’s local casinos. According to an official from Cambodia’s Ministry of Economy and Finance, the government is considering to lift the restrictions on local residents, since ...
Jason Glatzer
http://www.pokernews.com/news/2014/09/cambodia-to-allow-locals-in-casinos-19284.htm
Firm calls fraud case a ‘misunderstanding’
The director of the Phnom Penh Municipal Court last week formally accused a property developer of attempting to defraud him of more than $200,000 he paid for a villa in Tuol Kok district when his name was not transferred to the land title, the businessman’s ...
Hay Pisey
http://www.cambodiadaily.com/news/firm-calls-fraud-case-a-misunderstanding-67656/
As two prisons are built, use of funds is questioned
Samraong City, Oddar Meanchey province – In December, Kuy Bunsorn, director-general of the General Department of Prisons (GDP), announced that ground would be broken on two new prisons in Pailin and Oddar Meanchey provinces to alleviate chronic overcrowding. Mr. Bunsorn said that the Ministry of Finance ...
Lauren Crothers and Ouch Sony
http://www.cambodiadaily.com/news/as-two-prisons-are-built-use-of-funds-is-questioned-67582/
Amid overcrowding, inmates build new prison
Even within the country’s notoriously overcrowded prison system, inmates in this northern province live in particularly harsh conditions. Approximately 120 prisoners, including 16 women and three children, are held in four cells in the Oddar Meanchey provincial police headquarters. “In one cell we keep 20 or more ...
Lauren Crothers and Ouch Sony
http://www.cambodiadaily.com/news/amid-overcrowding-inmates-build-new-prison-67129/
Corrupt ghosts to be caught
The Anti-Corruption Unit announced campaign Friday to clean up ghost names from the lists, according to president of the unit Oum Yingtieng. Tieng said that the campaign called ‘catch corrupt ghosts’ would be launched next week. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTc3OWNlY2U0OTE
Protesting families demand answers from ADB
Phnom Penh families who face losing a part of their land to a railway rehabilitation project being funded primarily by the Asian Development Bank (ADB) protested in front of the bank’s country headquarters Monday over what they say has been a lack of transparency about ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/protesting-families-demand-answers-from-adb-66271/
Hun Sen lambasts disaster management official
Prime Minister Hun Sen lambasted a senior official in the National Committee for Disaster Management (NCDM) on Thursday after announcing that he would allocate money to aid victims of recent floods that have killed a total of 12 people. Speaking at the Chaktomuk Conference Hall for ...
Hul Reaksmey
http://www.cambodiadaily.com/news/hun-sen-lambasts-disaster-management-official-65994/
Media agencies warned about gambling ads
The Ministry of Information last week warned media organizations not to publish or broadcast advertisements from gambling outlets unless they have permission from the government to do so, according to a ministry notice obtained Tuesday. “The ministry previously advised [media outlets] to stop all types ...
Hul Reaksmey
http://www.cambodiadaily.com/news/media-agencies-warned-about-gambling-ads-65808/
Vendors see justice in arrest
The Friday arrest of a local businesswoman who holds the municipal contract to collect parking and stall fees from markets citywide on breach of trust charges came as no surprise to many vendors, aggrieved by what they say are her unfair business practices. Cheav Vibol, deputy ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/vendors-see-justice-arrest
Government to freeze bank accounts of four tardy tycoons
Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-to-freeze-bank-accounts-of-four-tardy-tycoons-65593/
How Cambodia’s secretive timber auctions are fueling the illegal logging trade
In the predawn hours of May 6, a flatbed truck packed with lengths of illegally logged timber sped past a checkpoint in Ratanakkiri province, knocking aside a police car and racing off. Police later tracked down the truck to a house in Banlung City. In the ...
Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/how-cambodias-secretive-timber-auctions-are-fueling-the-illegal-logging-trade-63919/
Ministry sets official Tuol Sleng ticket price
Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...
Kuch Naren
http://www.cambodiadaily.com/news/ministry-sets-official-tuol-sleng-ticket-price-62599/
Cambodia revising gambling laws to attract investment
The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...
GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/
Gambling on change
The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...
Eddie Morton
http://www.phnompenhpost.com/business/gambling-change
GTI price drops on day one
After a five-month IPO process steeped in anticipation, Grand Twins International ended its first day on the Cambodia Securities Exchange (CSX) with results many observers found disappointing. GTI shares opened yesterday’s session at 9,700 riel ($2.41), with a ceremonial bell ringing at the CSX’s head office. ...
Eddie Morton
http://www.phnompenhpost.com/business/gti-price-drops-day-one
Provinces told to speed up pension applications
In a government directive signed by Prime Minister Hun Sen on Thursday, provincial staff were ordered to submit their lists of military and civil service pensioners to the ministries of Finance and Social Affairs by the second week of each month to ensure timely delivery ...
Eang Mengleng
http://www.cambodiadaily.com/news/provinces-told-to-speed-up-pension-applications-60717/
Thai gamblers drop after coup
The number of Thai visitors crossing the border to place bets at Cambodian casinos has fallen since that country’s military staged a coup late last month. Kim Ledaro, managing director of Crown Resorts Co, which operates three Crown-branded casino resorts in Bantey Meanchey province’s Poipet town, ...
Chan Muyhong
http://www.phnompenhpost.com/business/thai-gamblers-drop-after-coup
Insurance law reform under way
The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...
Hor Kimsay
http://www.phnompenhpost.com/business/insurance-law-reform-under-way
Questions over spending plan
The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...
May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan
Two dead, one seriously injured in another hit and run
Two men died and another was seriously injured in a hit-and-run accident on Friday night in Phnom Penh when a Range Rover plowed into a motorbike in Toek Thla commune, police said Sunday, adding to a recent spate of fatal—and often high-profile—hit-and-runs. Thang Ratha, 23, died ...
Eang Mengleng
http://www.cambodiadaily.com/news/two-dead-one-seriously-injured-in-another-hit-and-run-59553/